A "pet rock" should not outperform equities long-term in an economy broadly engaged in positive economic value-added activities. A "pet rock" should absolutely outperform equities long-term in an economy broadly engaged in debt-fueled financial engineering to drive returns.

Eric Balchunas
@EricBalchunas
10-17
$GLD outperfoming $SPY since it launched in 2004 is mind-melting.. flies in the face of so much conventional wisdom.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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